KeyCorp, the parent of the advisor and the distributor, entered into an agreement on February 19, 2013 to sell its interests in the advisor and the distributor to a private equity fund sponsored by Crestview Partners, a private equity firm based in New York, and to management of the adviser and the distributor. On July 31, 2013, the closing of the aforementioned sale was completed. The shareholders of the Institutional Diversified Stock Fund elected the proposed trustees, and approved a new investment advisory agreement between the advisor and the trust. [SEC Filing].&nbsp